What do I need to do when buying a used car in Malaysia?

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What is the first thing you do when buying a used car?

5 Things to Do After Buying a Used Car

  1. Transfer the title. The first thing you need to do is secure a clean title to the vehicle. …
  2. Get your vehicle insured. …
  3. Register your car at the DMV. …
  4. Get your car inspected by a mechanic. …
  5. Get auto breakdown coverage for your car.

What are the rules of buying a used car?

5 Things to Check When Buying a Used Car

  • Get the car and its papers inspected thoroughly. …
  • Transfer the Registration Certificate (RC) of the second hand car in your name. …
  • Get the second-hand car insurance in your name. …
  • Transfer of No Claim Bonus (NCB) …
  • Clean and fix your car before the first drive.

What happens when you buy a used car from someone?

In some cases, the seller will offer to pay to ship the car to you, just to get the sale over with. All you have to do is deposit the purchase price with their escrow service. Then the seller will deliver the car to you, and you authorize the escrow service to make payment when you take possession.

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How do you pay someone when buying a used car?

If you’re buying a used car at a reputable, licensed dealership, you can use just about any way to pay you want, whether by personal check, debit card, credit card, cashier’s check, or even cold hard cash. Just make sure you get a bona fide receipt if you pay cash!

What documents should I get when buying a used car from dealer?

Here are six items you should bring with you to the dealership.

  • A form of payment. Of course, you can’t buy a car without most likely being required to make some form of payment. …
  • Driver’s license. …
  • Proof of income. …
  • Proof of residence. …
  • Proof of insurance. …
  • Title and current vehicle registration for trade-in.

What do I need to know before going to a car dealership?

10 things you need to know before buying a car

  1. Think about financing. …
  2. Check your credit score. …
  3. Shop around. …
  4. Compare prices. …
  5. Research your trade-in’s value. …
  6. Test drive potential purchases. …
  7. Look at car histories. …
  8. Find repair records.

What documents you need when buying a car?

New Car Purchase Checklist

  • Your driver’s license. The dealership needs to see that you’re a legally licensed driver before you drive off in your new car. …
  • Proof of insurance. …
  • Form of payment. …
  • Recent pay stubs. …
  • Recent utility bills. …
  • Credit score and history. …
  • Discount information. …
  • A list of references.

What are the documents required for car loan?

General Documents:

Documents Required Individual Cases
Salaried Self Employed
Income Proof Latest 2 Salary Slips & Latest Form 16 1. Latest ITR
Bank Statement Latest 3 months Bank Statement
Age Proof PAN / Driving Licence/ Passport/ Birth Certificate
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How much km is good for a used car?

As a rule of thumb, the average car will rack up 20,000 km per year — the distance manufacturers use to determine standard warranty coverage. A seven-year-old model should have 140,000 to 150,000 km on the odo. If it has traveled considerably more, deduct cash for high mileage. 3.

What paperwork is required when selling a car privately?

First, both parties should fill out and sign a Bill of Sale which lists the Vehicle identification number (VIN), agreed purchase price, odometer reading, and name/address of the buyer and seller. Next, the buyer needs to take care of the payment. The best way is at their bank, in person.

How can I get a temporary license plate?

How to Get Temporary License Plates

  1. Contact your insurance company and let them know you’ve bought a new car. …
  2. Go to your local Department of Motor Vehicles. …
  3. Apply for a temporary license plate when you register your car. …
  4. Pay any applicable fees. …
  5. Display your temporary tag prominently on your vehicle.

What paperwork do I need to buy a car from a private seller?

The necessary paperwork you’ll need to complete for a private-party car purchase includes the vehicle’s title, which is signed over to you as the new owner. You need to have a bill of sale that’s signed by both of you. It should indicate the transfer of the title and the payment for the vehicle.